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20121112
20121112
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. republicans who still control the u.s. house of represenve started to dig in. >> raising tax rates will slow down our ability to crow 80 the jobs everybody wants. >> reporter: what are the consequences if law i can makers cannot make a deal. >> the fiscal clip is very bad if it happens. it means we could have a huge recession next year. >> reporter: if scheduled budget cuts are imposed an estimated 400 government jobs could be slashed and about 400,000 jobs tied to nondefense spending would be eliminated. when it comes to taxes, all tax rates are schedule to rise. >> at one p so int sure we had higher taxes. but we are talking about transitioning from low taxes to high taxes. the immediate affect is everyone has less income and they spend less. there is a hit in 2013. >> reporter: governor jerry brown said they could learn from california voters. proposition 30 passed hiking sales taxes and raising taxes on people making $250,000 or more. >> our credibility as a governing -- as a nation that can govern itself is on the chopping block. and yes cuts going forward of certain commitments that th
Search Results 0 to 0 of about 1